Nihar Info Global Faces Intense Selling Pressure Amidst Significant Price Declines

Nihar Info Global Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a notable decline of 4.71% in its one-day performance, contrasting sharply with the Sensex's decline of just 1.05%.
Over the past week, Nihar Info Global has outperformed the Sensex, gaining 8.10% compared to the index's drop of 2.17%. However, this recent downturn follows two days of gains, indicating a potential trend reversal. In the longer term, the stock has shown mixed performance: it has increased by 20.53% over the past month, while its year-to-date performance stands at a decline of 6.08%, against the Sensex's positive return of 3.33%.

The stock's performance over three years reveals a significant drop of 43.83%, while the Sensex has risen by 48.62%. Additionally, Nihar Info Global's performance over ten years shows a staggering decline of 69.09%, compared to the Sensex's impressive growth of 188.79%.

Factors contributing to the current selling pressure may include market sentiment shifts and broader economic conditions affecting the software products industry. Despite the selling activity, Nihar Info Global is trading above its moving averages, indicating some underlying strength in its price trend.